Mortgage brokers play an important role in the home buying process. They help connect borrowers with lenders and work to get the best mortgage rates for their clients. One of the requirements for becoming a mortgage broker is getting a surety bond. In this blog post, we will discuss why mortgage brokers need surety bonds and what they are used for. What is a mortgage broker surety bond? A mortgage broker surety bond is a type of financial guarantee that is typically required by state regulators to obtain a license to operate as a mortgage broker. The purpose of the bond …